Robert W. Baird analyst Ghansham Panjabi reiterated a Buy rating on Celanese Corp (CE) today and set a price target of $120. The company’s shares opened today at $96.99.
According to TipRanks.com, Panjabi is a 5-star analyst with an average return of 11.4% and a 71.2% success rate. Panjabi covers the Consumer Goods sector, focusing on stocks such as RPM International, Owens-Illinois, and Ball Corp.
Celanese Corp has an analyst consensus of Moderate Buy, with a price target consensus of $108.11, an 11.5% upside from current levels. In a report released yesterday, RBC Capital also reiterated a Buy rating on the stock with a $114 price target.
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Celanese Corp’s market cap is currently $12.87B and has a P/E ratio of 10.83. The company has a Price to Book ratio of 3.64.
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Celanese Corp. engages in the provision of technology and specialty materials businesses. It operates through the following segments: Advanced Engineered Materials, Consumer Specialties, Industrial Specialties, Acetyl Intermediates, and Other.
